The Union Cabinet cleared Seventh Pay Commission on June 29, 2016. The news brought cheer amongst government employees as well as the real estate sector which will now see the direct impact of the same onto sale of properties in near future. The 7th Pay Commission will directly benefit as many as 1 crore government employees and pensioners. Various real estate experts came together to throw light on how this move by existing government will impact real estate sector.
Mr. Pawan Jasuja, Director Finlace gave his valuable insights to 99acres for the article titled ‘Seventh Pay Commission: Impact on Indian real estate’. He pointed out the fact that this move will boost demand in real estate sector. It must be noted here that earlier in 2015, government relaxed the norms relating to FDI in real estate sector of India. Read Mr. Pawan Jasuja’s take on this development at: http://www.99acres.com/articles/seventh-pay-commission-impact-on-indian-real-estate.html